NXP Semiconductors Reports First Quarter 2018 Results
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NXP Semiconductors | | | | | | | | |
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Table 6: Adjusted EBITDA and Free Cash Flow (unaudited) | | | | | | | | |
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| | | ($ in millions) | |
Three Months Ended | | |
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April 1, 2018 | |
December 31, 2017 | |
April 2, 2017 | | |
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Net Income (loss) | |
$ |
70 | | |
$ |
768 | | |
$ |
1,318 | | | |
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Reconciling items to EBITDA | | | | | | | | |
| | | Financial (income) expense | | | 68 | | | | 79 | | | | 136 | | | |
| | | (Benefit) provision for income taxes | | | 2 | | | | (629 | ) | | | 230 | | | |
| | | Depreciation | | | 116 | | | | 145 | | | | 154 | | | |
| | | Amortization | | | 375 | | | | 397 | | | | 380 | | | |
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EBITDA | |
$ |
631 | | |
$ |
760 | | |
$ |
2,218 | | | |
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Reconciling items to adjusted EBITDA | | | | | | | | |
| | | Results of equity-accounted investees | | | (2 | ) | | | (8 | ) | | | (5 | ) | | |
| | | Restructuring 1) | | | 1 | | | | - | | | | (8 | ) | | |
| | | Stock based compensation | | | 69 | | | | 78 | | | | 68 | | | |
| | | Merger-related costs 1) | | | 26 | | | | 32 | | | | 30 | | | |
| | | Other incidental items 1) | | | 1 | | | | 12 | | | | (1,596 | ) | | |
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Adjusted EBITDA | |
$ |
726 | | |
$ |
874 | | |
$ |
707 | | | |
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Trailing twelve month adjusted EBITDA | |
$ |
3,176 | | |
$ |
3,157 | | |
$ |
3,056 | | | |
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| | | 1) Excluding depreciation property, plant and equipment and amortization of software related to: | | | | |
| | | Other incidental items | | | - | | | | - | | | | (4 | ) | | |
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| | | ($ in millions) | |
Three Months Ended | | |
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April 1, 2018 | |
December 31, 2017 | |
April 2, 2017 | | |
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Net cash provided by (used for) operating activities
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$ |
620 | | |
$ |
738 | | |
$ |
625 | | | |
| | | Net capital expenditures on property, plant and equipment | | | (156 | ) | | | (132 | ) | | | (161 | ) | | |
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Non-GAAP free cash flow | |
$ |
464 | | |
$ |
606 | | |
$ |
464 | | | |
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Non-GAAP free cash flow as a percent of Revenue | | |
21 |
% | | |
25 |
% | | |
21 |
% | | |
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